Estimation and cost control

7/27/2019 Estimation and cost control

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Estition nd Cost ControlFundEntls For oil & GsCpitl projECts

Octob 28 29, 2013Dnv Maiott City Cnt

Dnv, CO

COre

eCI is authoizd by IACeT too 1.1 Ces o th cous.


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Estition nd Cost Control FundEntls For oil & Gs Cpitl projECtsOctob 28 29, 2013Dnv, CO

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Who should ttEnd

ovErviEW

Pojct manags, stimatos, and contact manags upvisos and pojct tam mmbs involvd in planning, implmnting, supvising and dicting pojcts Cost ngins upply chain and cost accounting possionals Facility ngins and plant opatos

Pojct dvlops that nd an undstanding o omulating pojct costs Consultants and ngining fms that wok within th upstam and midstam sctos o th oil and gas industy Copoat and asst manags involvd in oil and gas asst managmnt rgulatoy agncy sta Own pojct tams

Managing th complxity o majo capital pojcts in todays oil and gas industy landscap has nv bn mo challngingo citical. Global dmand o commoditis continus to div substantial capital invstmnt within th scto. Dvlopingctiv cost stimation and contol statgis in th pojct dvlopmnt phas plays a vital ol in th succss o an

ovall pojct managmnt plan. Pojct histoy and th subsqunt statisitcs tnd to suggst that btwn 50% to 100%o capital pojcts ovun. It is impotant to know th compltnss and th accuacy angs o capital pojct stimats

eCIs estimation and Cost Contol Fundamntals o Oil & Gas Capital Pojcts cous ocuss on th pactical skillsand mthods ndd in stimation to impov pojct and opating pomanc acoss th oil and gas industy. Kypojct and opations considations to b covd includ planning, stimating, modlling, oganizing and contollingsoucs and schduls. Th goal is to optimiz pojct pomanc and quality.

Th skills taught a industy spcifc and can b widly applid at upstam, downstam, and copoat lvls. Dsigndto povid comphnsiv covag o th undamntals o stimating o pocss industis, this cous will viw manysubtl as wll as advancd stimating concpts. Th stimating pocss will b covd om both th contacto andowns point o viw.

Attnds will cogniz citical componnts to consid in vaious pojct stimats. Ky componnts o th cousinclud all actos that act th fnal cost o building oil and gas inastuctu. This includs ovall planning, scoping,and ngining, as wll as nvionmntal considations, constuction, and managmnt o th total pojct.

lErninG outCoEs

Discuss th planning pocss and considations and stablish amiliaity with stimating tminology Outlin and xamin th vaity o ovall pojct considations and dint stimat classifcations. This includs

th dlivabls that a quid to poduc ach, thi intndd accuacy angs, th pupos o ach, and thilimitations

Apply bst pactics to ovall scoping o pojct costs rviw pojct conomics and fnancial paamts explain nvionmntal challngs and impacts on costs and timlins Analyz matial costs rviw dint stimat mthodologis Illustat th mak-up o a complt stimating packag and how to psnt it Idntiy issus aound and bcom amilia with mga-pojct stimats Discuss th viw points and challngs o own vs. contact vs. ngining


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GEnd

Monday, Octob 28, 2013

8:00 8:30 a.m. rega a Cea Beakfa

8:30 a.m. 5:00 .m. Ce tmg

12:00 1:00 .m. G lce

Emag Famea

Intoductions and kill Lvl Assssmnt

Tminology and Ovviw o Dfnitions and ndstanding th Languag o estimats

Cost stimat

Accuacy

Confdnc lvl

Contingncy

Batty limits

Osit acilitis, tc.

estimat Classifcations and Typs

rviw o tchnical and pojct dlivabls o ach

Look at AACe intnational stimat classifcation

Pimay and sconday cost stimat chaactistics

estimat Componnts and tuctuing th estimat

Cod o accounts and lationships btwn wok bakdown stuctu, pojct bakdownstuctu, and cost bakdown stuctu

Ovviw o estimating Mthodologis

Dincs and chaactistics o concptual vsus dtaild stimats

examination o Dtaild estimating

Topics such as tak-o, quipmnt stimating

Costing/Picing/Adjustmnts/Allowancs

Poductivity, matial costs, wag ats, dsign allowancs, MTO allowancs

risk Analysis/Contingncy

estimat accuacy, itms covd and not covd by accuacy

Managmnt sv

evnt divn isk

Contingncy pobability


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GEnd

Tusday, Octob 29, 2013

8:00 8:30 a.m. Cea Beakfa

8:30 a.m. 11:45 a.m. Ce tmg

peeg a ueag e Emae

estimating Plan

Why is th stimating plan impotant

What should b includd and why

Psnting th estimat/Basis o estimat Documnt

What should b includd in an stimating packag

What should b includd in th basis o stimat and why

Why th basis o stimat is a vital documnt in th stimating packag

estimat chdul Intgation

Why a comphnsiv intgation btwn th pojct stimat and th pojct schdulmaks o mo succssul pojcts and ducs pojct supiss

estimat rviw/Validation

Dinc btwn stimat viw and stimat validation

Dint typs o viws at dint stags o th stimating pocss

Impotanc o Pojct Histoy How th possssion o pojct histoy hlps to poduc mo accuat stimat and mo

succssul pojcts

Mga-Pojct Considations

Bcaus o siz, costs and statgic impotanc to an own, th a dtails and tchnicalconsidations that stimatos must account o in ths spcial, lag scal pojcts

11:45 a.m. Ce me


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instruCtor

dga W. le, CCp, CEp, FriCs, FCE / nio Associat, Pojct Managmnt and Contols, Chai o th AACe Intnational estimating Committ / aybook Associats

M. Lo is cuntly a snio associat in pojct managmnt and Pojct Contols at aybook Associats and Chai oth AACe Intnational estimating Committ. H has ov thity yas o possional stimating, pojct managmntand consulting xpinc in th ngining and constuction industis.

M. Lo has bn sponsibl o th ppaation o concptual and dtaild stimats o capital pojcts bothdomstic and intnational anging om $20K to mo than $10B in siz. H has spcializd in capital pojcts ostatgic impotanc, utilizing nw tchnologis and thos involvd in th us o paamtic stimating mthodologisand also povidd taining in stimating, cost mtics analysis and isk mitigation. M. Lo has dmonstatd xpincin stimating oganization managmnt and stimating mthods & pocdus dvlopmnt. H has povidd tchnicastimating suppot in ptochmicals, fny, oil sands, pap & wb basd tchnologis, manuactuing, industial &commcial buildings, mining dvlopmnt, and tiliz manuactuing.

H conductd viws on such pojcts as: Agium - $3B Mid-Wst Ftiliz Plant, and unco engy pstam$10B+ upgad pojct.

M. Lo actd as own psntiv on such pojct as: Kinoss Gold Cop. - $3B+ Tasiast 60K tpd CIL Pocsing Plant,Husky engy unis Pojct 240K bbl/day AGD Pojct, and hll Matinz rfny h was th own stimatingpsntativ on all pojcts and tun aounds ov 3 ya piod.

Ceca:Ctifd Cost Possional (CCP) AACe Intnational 1998Ctifd estimating Possional (CeP) AACe Intnational 2008Fllow (FrIC) royal Institution o Chatd uvyos 2010Fllow (FAACe) AACe Intnational 2011Ctifd Constuction Audito (CCA) National Association o Constuction Auditos 2012

Constuction Contol Possional (CCP) National Association o Constuction Auditos 2012

H holds an Masts o Businss Administation (MBA) om rochst Institut o Tchnology with a concntation inintnational businss and th managmnt o tchnology.

Click Here to Register Online
https://www.eventbrite.com/event/8414412735


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proCEEdinGs

Th pocdings o th cous will b publishd, and on copy will b distibutd to ach gistant at th cous.

instruCtionl Ethods

Cas studis, PowPoint psntations and classoom xciss will b usd o instuction.

rEquirEEnts For suCCEssFul CoplEtion oF proGr

iCEt CrEdits

Paticipants must sign in/out ach day, b in attndanc o th ntity o th cous to b ligibl o continuingducation cdit.

eCI has bn appovd as an Authoizd Povid by th Intnational Association o Continuingeducation and Taining (IACeT), 1760 Old Madow road, uit 500, McLan, VA 22102. In obtainingthis appoval, eCI has dmonstatd that it complis with th ANI/IACeT tandads, which a widlycognizd as standads o good pactic intnationally.

As a sult o its Authoizd Povid mmbship status, eCI is authoizd to o IACeT Ces o itpogams that qualiy und th ANI/IACeT tandads.

eCI is authoizd by IACeT to o 1.1 Ces o th cous.

EvEnt loCtion

A oom block has bn svd at th Dnv Maiott City Cnt, 1701 Calionia tt, Dnv, CO 80202, oth nights o Octob 27 - 28, 2013. room ats a $199, plus applicabl tax. Call 303-297-1300 o svations andmntion th eCI cous to gt th goup at. Th cuto dat to civ th goup at is ptmb 27, 2013, butas th a a limitd numb o ooms availabl at this at, th oom block may clos soon. peae make y

eea eay.

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plEsE rEGistEr thE FolloWinG

CrEdit Crd

Estition nd Cost Control FundEntls For oil & GsCpitl projECtsOCTOBer 28 29, 2013: $1395eArL BIrD ON Or BeFOre OCTOBer 18, 2013: $1195

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A oom block has bn svd at th Dnv Maiott City Cnt,1701 Calionia tt, Dnv, CO 80202, o th nights o Octob 27- 28, 2013. room ats a $199, plus applicabl tax. Call 303-297-1300o svations and mntion th eCI cous to gt th goup at. Thcuto dat to civ th goup at is ptmb 27, 2013, but as tha a limitd numb o ooms availabl at this at, th oom block mayclos soon. peae make y eea eay.

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Estimation and cost control